If you are thinking about selling your house and it is currently a seller’s market, below are five ways to attract multiple offers. A seller’s market is great, especially in Grand Rapids, so now is the time to put yourself in the best position to get the highest price.
In a seller’s market the seller has the advantage. Usually, there are more buyers than sellers: so tons of buyers are looking at just a few available properties.
While you do have a natural advantage in a seller’s market, that doesn’t guarantee you are home free. It is best to get as many offers as possible. In doing so, you create the opportunity to select the best offer for your situation…and fast.
When you are selling something as large as a house it is always best to try to get multiple offers. Once you have 2-3 offers – at the same time – you can are in a position of strength to negotiate. Whatever items are most important to you – price, speed of closing, etc. – you get to chose the best offer.
5 Great Ways To Attract Multiple Offers In A Seller’s Market In Grand Rapids
#1. Schedule a Open House
One way to attract multiple offers is to have an open house. If it is marketed properly you will likely get several people looking at your property within a very short period – usually just 2-4 hours – that could increase the number of offers you will get on the same day.
#2. Slightly Lower Price
You may be able to ask for and even get a high selling price, but when you put your initial asking price a bit lower than the current market, that often gets buyers attention. Added attention can often get multiple offers fast, which means you can select the one that is right for you.
#3. Certain Time Only – Accepting Offers
One way to attract multiple offers is to only accept offers at a certain time, such as Friday between 3PM-5PM. That way, if someone wants to make an offer, they have to comply with your time-frame and you may get multiple offers all at once.
#4. Stand Out
Another way to attract multiple offers is to stand out from the current marketplace in some way. Take your property to the next level by making it shine or doing something memorable. Perhaps even paint the door a unique color so that it stands out. This will make it memorable in people’s minds and they may add their offer to your growing pile of offers.
#5. Targeted Buyers
A great way to attract multiple offers (often overlooked) is to identify who would be the perfect buyer for your home and then laser-target your marketing to reach them. For example, if you determine that first-time homebuyers are ideal then stage your home for that buyer and then laser-target your marketing.
In a seller’s market you might normally attract multiple offers anyway – but the more offers you get, the better for you. Put these five ideas to work to attract multiple offers in a seller’s market in Grand Rapids.
Selling in a seller’s market might seem like the best option but one way to get another offer is to have us give you a cash offer for your house. We are buying properties in the Grand Rapids Michigan area and we’d like to make an offer too. Click here now to fill out the form or call us at (616) 303-7378 and we commit to getting you a transparent cash offer in under 24 hours.